Shell sells Western Desert assets to Cairn, Cheiron
Shell has signed an agreement to sell onshore Egyptian assets to Cheiron Petroleum and Cairn Energy for $646 million.
E&P
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Total launches transparency push in Uganda
Total has published reviews and plans relating to its Tilenga and East African Crude Oil Pipeline (EACOP) projects in Uganda and Tanzania.
Chariot wins Moroccan support for gas supplies
Chariot Oil & Gas has signed a memorandum of understanding (MoU) with the Moroccan industry minister to position the company’s Anchois project as a local gas provider.
Sasol completes Gabon sale to Vaalco
Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Botswana stresses environment in talks on ReconAfrica
Botswana has stressed the importance of permitting and environmental regulations in comments around Reconnaissance Africa’s plans – and a prohibition on hydraulic fracturing.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Kuwait Energy adds up ASH-3 at Abu Sennan
Kuwait Energy has tested the ASH-3 well in Egypt at 6,379 barrels per day of oil and 6.7 million cubic feet per day of gas.
Kosmos plans spending boost in 2021
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Sasol approves Mozambique scheme, cuts debt
South Africa’s Sasol has made progress in righting its progress, putting it on the right direction for a greener, cleaner future.
Scirocco picks up momentum
Scirocco Energy is making progress in its transformation, from Tanzanian gas explorer to low-carbon asset owner, and is picking up “real momentum”, CEO Tom Reynolds has said.
Nigerian court orders Shell bank cash freeze
Shell faces another legal battle stemming from Nigeria, with a court ordering banks to freeze company assets.
Egypt launches round with Schlumberger digital platform
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
Energean awards TechnipFMC subsea work
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
Lukoil throws hat into FAR ring
Russia’s Lukoil has emerged as another suitor to buy MSGBC Basin-focused FAR, for A$220 million ($170mn).
Kinetiko completes Amersfoort workovers
Kinetiko Energy has completed two well workovers in South Africa, where it aims to distribute CNG in the Johannesburg region.
BP checks in with Egypt ahead of Raven start
A number of high-ranking BP executives have held talks with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla amid preparations to begin the Raven project.
Glencore writes down African oil works
Glencore has taken an impairment of $6.39 billion for 2020, including $1.15bn in African oil operations.
Shell seeks ICSID arbitration over Rivers case
Shell has filed for arbitration against Nigeria over an ongoing dispute around oil spills.
Okavango goes international with ReconAfrica under fire
Opposition to Reconnaissance Energy Africa’s work in northern Namibia is growing, with a petition handed in to the Namibian consul general in South Africa and Leonardo diCaprio tweeting against the drilling plans.
Shell considering onshore Nigeria sales
Shell is "reviewing" further sales of assets in Nigeria, the company said.
Angola’s oil and gas industry can thrive alongside biodiversity
Angola can balance environmental protections with ongoing hydrocarbon exploration, in line with its constitution, writes Verner Ayukegba, Senior Vice-President at the African Energy Chamber.
Nigeria plans contract reforms in bid to cut upstream costs
Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future.
Panoro buys Tullow stakes in Gabon, EG
Panoro Energy has struck a deal to buy assets owned by Tullow Oil in Equatorial Guinea and Gabon for up to $180 million.
Nigeria expects at least $500mn from bid round
The Department of Petroleum Resources (DPR) has calculated that the marginal field round will secure at least $500 million in signature bonuses.